March 2018 Update – Excellent month

Posted on Categories Frugality, Goals, Monthly, Spending
March 2018 Update - Excellent Month Logo

It’s now time to make the point about March 2018. Compared to the very poor February month, March 2018 is a great month ๐Ÿ™‚

March 2018

In March 2018, I managed to save 46.57% of my income ๐Ÿ™‚ This is my best savings rate ever!

With only 3258.94 CHF of expenses, this is also a very low expense month ๐Ÿ™‚

Here is the breakdown of these expenses:

  • Insurances: 255 CHF: Average
  • Transportation: 391.37 CHF: Above average. I had to pay the TCS insurances.
  • Communications: 223.18 CHF: Well above Average. I had to pay the hosting of the blog. I also had to pay several internet fees.
  • Personal: 108.44 CHF: Much below average, almost didn’t spend anything on me
  • Food: 353.85 CHF: Average.
  • Apartment: 1524 CHF: Above average. I had to pay the power bill. On a better note, it’s now the first month with my reduced rent!
  • Taxes: 402.70 CHF: Below Average. Only had to pay the federal taxes this month.

I don’t think I will be able to stay this low next month, but I’m going to try ๐Ÿ™‚

I’m still wondering whether I should keep my TCS insurances. I have the full world cover for car issues and travel cancel insurance. It is not a lot of money, but I’m not sure it’s really worth.

Earlier this month, I computed my Financial Independence (FI) Ratio.ย  With the results of this month, my FI ratio went from 3.5% to 3.67%. Nothing spectacular, but still an increase ๐Ÿ™‚

I invested 2’000 CHF more in my broker account and 1’000 CHF in my third pillar account. Since the stock market did pretty poorly, my net worth did not increase much. It is now standing at 56’288.12 CHF. I’m still thinking of simplifying my portfolio. But this is not a good time to sell any ETF now.

2018 Goals

Let’s take a look at the state of my goals:

Goals March 2018
Goals March 2018

I’ve already invested 60% of my goal and my third pillar account is almost fully maxed out. That’s pretty good. I also managed to stay under 4500 CHF of expenses this month. I didn’t change my bond allocation and my last remaining PostFinance fund is still not sell-able. I had a few dividend income this month, but I’m still well below my goal. I think I will not meet this one this year. I posted a lot of posts this month, including an extensive review of DEGIRO. I’m well on track to blog way more than 24 times this year. I have a few ideas for posts this month as well! My personal goals were already reached last month.

Next Month

Normally, April should be pretty good as well, but not as good as this. I was going to buy a few home automation devices for my hobby as my birthday gifts. I have waited for more than a year now to buy them and it should not account for a lot of money. Instead, I will need to buy wedding rings. Since I’ve greatly underestimated the price, I can’t buy both the rings and my devices. I will delay my hobby for a few more months (now undefined time).

What about you ? How were your finances in March ?

8 thoughts on “March 2018 Update – Excellent month”

  1. ohh! excellent month ! It suprrised me . I hope April will be good enough so that you can buy the devices after buying the wedding ring .

  2. Nice saving rate! Aim for the stars and try to catch this 50% saving rate ๐Ÿ˜‰ Keep up the good work!

  3. Congrats on that impressive savings rate. Saving almost half of your income is something we should all strive for. Keep feeding your investments as you have been doing in March. No sense in feeling bad about your net worth not increasing much. As you know the stock market fluctuations can make your net worth vary a lot from month to month. As long as you keep those savings high and passive income growing you should be fine. Thanks for sharing.

    1. Thanks ๐Ÿ™‚

      I agree that I should probably consider at least the YTD savings rate more closely than the monthly savings rate ๐Ÿ™‚ I also should consider Quarterly Savings rate as well.

      Thanks for dropping by.

Leave a Comment